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<br /> TOf7�7'HL�R Wf['H WIl tho im�xovententa�ww ar t�emnfter e�ected wo th�Ln�rtp,and Kli ase+r+enty,appcutenunc�s,
<br /> ornf tixtuces now a haeatkc�Ewt of tFie FroQertY• !!�rePlucrn�eau and+addldon,eiu�ti�lxc�be cov�rrx!by�hi�Securi►y
<br /> _____--- l��sin�mcnt. Ai!of tltc fnregoing i:;ctittr.ta to In thle Securi�y Instnibnent as the"�roperty."
<br /> BORR0INER COV�NAN'TS thu Borrowe�ix law,fully seised of the es�te tweeeby canvcyed and has ti�c rigiatio �y�:�
<br /> end convey the Rropetry oncl thu tho Ptc�erty is unencumlxced,exce{x for eincumbcsncea of rocad. Baronrer w���d
<br /> ;,�o� wlll deftnr,l grnerally tlx+dde to thc Pcoperty aga►nst all clat►ns and de�r.iueds,subjoct to any enci�mbri�nces of recoxd.
<br /> THIS SECURITY INSTRUMBNT cumbims unifam coven�nis for national u� and nan-unlfo�m cove�unis with
<br /> limiRed varintlons by jur�sd�cdon to constitute a unifor�n sacurity insWment c�veting real property. �
<br /> . _ , ,__, _ UNIFORM CUVF.NANTS. Bomower nnd�.r.nder covenant arv.i e�gnu as follows:
<br /> .i. P�ymeat ot Prfucipd�nd Ioterest;P't+tp�tyment And I.ste Ci�xr�+. Barow:.r shall Qromptly psy v�htn d��a tho --
<br /> �rincipal of and interest on th�debt e.vidcnoed by thc Now�d any prepayment a��d late charges due under�he Nou.
<br /> 2. �ntis tor'ilixts and Inwnnce. Subjeci to applicable law or to a writtcn waiver by Lecxkr,Barower shall pay co
<br /> � L,ender on t�e day rnonthly paymcnts are due under the Note,Until the Note ig pairl in full.a sum("NLnds")for.(a)yearly
<br /> wxes and assessments which may uuain prlurity over this Security Insuvment as a lic'nS��p��Y:�)������0�
<br /> puyments or ground rents on the Pcoperty. if any: (c) yearly hRZard or property '
<br /> insu►��ce prcnvums,if any: i�) yearly martgage insurance p�miums, if any; and(�any sumg payabl� by Bon�owu ta
<br /> - L.cnd:r.in sc�srda�ce t•�ith the provisions of�araara�h 8,in lieu of th�payment of m�rtgage insurance preriuums, 'i}iese .
<br /> items ure culled"Bscrow Items.' Lender mAy,at any time,collect and hold F�nds in an amount not to exceod the maximum�
<br /> amou�st u (ender for a federnlly vetated mortgage loan may require for Boerower's escrow eccount u.�der the federal Rr.al
<br /> - LTState Settlement Procedures Act of 1974 as amend.ed&am tiraie to time. 12 U.S.C.§2601 et seq.("�tE�SPA").unless another
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<br /> -- iaw���at upplie�iu tS;c I"itnds scts a ltss�r::r.iount. If so,Lertder may,at any tiene.c.�lle�.t and hutd Fuuu�in ui�an►ount�tot to
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<br /> -------•'---.-" '._ OXCCCU li�C icyatit c'un'vu+�:. :...":a..°.:":.j �°w:t.�«� ehn g.�n�mt nf Fti��uis due nn thC b�.SIS Of CUlIGIlt�til�I1(I PCf1�aDAb C -
<br /> esdmates of expenditures of futu�Escrow Items or otherwlse in accordance with appticable law.
<br /> ---- "d'tie �nds shall be held in a�iresdtudon whosc d�posits arc insum,�l by a federal agency,instr��mentality,or endty
<br /> �� -' (including Lender,if Lender is suc�an inscitupan)or in any Fede;al�fome Lom�Bank. Lender shall apply tlnc Funds to pay
<br /> __=__--- - ihe Cscro;�Itcros, Lender may not charge Borrower for holding und applying the�nds,annu�illy analyzing the esccow
<br /> - -= account.oe verifying the Escrow Items, unless l.ender pays Borrower interest on ttse Funds and appllcable law pecmits
<br /> _ _ _�°°;� L,ender to make such a chnrge. Hawever. Lender may require Barrower to pay a one-time charge for a�x independent rcal
<br /> ==r�;�;9� estate tnx reporting service used by I.ender in connection with this luan,unless applicable iaw provides othenvise. Unless an
<br /> .=--- -�° agreement is made ar nppiicaotc iaw�cyu�res irder�i ta�:,gai3.I.rndes�sh.s!!�Qt�_rP��!�rP�i tn nay€3onower nny inteaest oz
<br />- "'�`��` earaings on the Fhnds. Borrowcr and I.ender may agrce in wnuag.itowever,that interest shall be paid on the Funds, Lender
<br />_,_v��;�'"<" �` sh�l� give to Bartower. without chargc.are annual nccounting of the FLnds,showing credits nnd debits to the Funds and the
<br />_,;;�r:;;:�i,'�;, a• putpose for which each debit to the Funds was made. The Funds are pledged as addidonal security for ell ss�ms seciired by
<br />=='-"�= this Securiry Instrument.
<br /> -Y "'' if the Funds fi�eld b Lender excecd the amounts permitted to be held by appHcable law, Lender shtiU account to
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<br /> __'�:�,-�""�j�l ;` Borrower for die excess Funds in accordance with the requimments of applicable law. If the amount of the Fuads held by
<br /> .:�;•,•� ,' Lender at any time is not sufficiene to pay the Escrow Items when due.Lender may so notif}Borrowet in writing,and,in
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<br /> �:�r�,,.��.:,��. � _ such case Borrower shall pay to Lcader the umount necessary to mnlce up the deficiency. Soaower shall mako up the
<br /> �Y-"�� ''�"� deficiency in no moi�e than twelve montfdy payments,at Lender's sule discretion.
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<br /> �...-�:,,,�iy • Upon payment in full of all sums securcd by this Security Instrument,Lender sliall promptly refund to Borrower any
<br /> '�.'::';r:::,• Funds held by Lender. lf,under paragr�ph 21, Lender shall acquire or sell the Pcoperty,Lender,prior to the acquisition or
<br />.::,Y�"•'� •'''"•�` sale of the Pr�perty,shall npply any Funds helri by Lender at the time of acquisition or sale as a creclit a�ainst the sums __
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<br /> ���� secured by this Security Instrument.
<br /> ,� �r� -•�,� 3. AppIIcation of Payments. Unless applicable law provides othenvise, all pnyments received by Lender under �,�-�..
<br /> -'- ''�-rsnw4�: hs I and 2 shall be t► lied:tirs[,to an re a ment char es duc under the Note:second,to amounts payable t�nder �-•:
<br /> ;•,.:.^.-E-�.,,.. r"r ' Parab*raP PP Y P P Y � e.
<br /> -.�;� : -.,{.- • parsgraph 2;thitd,to interest due;fourth,to principal due;and las�ro any late char�es due under the Note. c�
<br />`;�•" y� � 4. Chsrges; Liens. Burrower shall pay all taxes, assessments,chargcs, fines and imposidons attributable to the � __
<br /> • ' '• Property�vhich may naain prlority overthis Security Insuvment,and lensehold payments or graund rents.if any. Bonower �-�____
<br /> --- .,. shall pay these obligetions in the manner pravi de d in paragrup h 2,or i f no t pai d in that manner.Borr4wer shall pa y them on �.
<br /> , ,..^.'� tirne�direcdy to the person owcd payment. Borrower shu11 promptly furnish ro Lendcr all notices of amounts to be pnid under ���
<br /> this parabmph. If Borrower makes these payments directly.Borrower shall prompdy furnish to Lender receipts evidencing
<br /> ' . , " the payments. .:
<br /> , Borrower shall promptly dischnrgc any lien which has priority over this Security Instrument unless Borrower:(a)agrees
<br />" -� :.,;,.: in�vriting to the payment of the obligation secured by the licn in u manner acceptable to Lender,(b)contests in good faith the
<br /> c�;::',,;:;,:. „, lien by.or defends against enforcement of the lien in,1cg11 proceedings which in the Lender's opinion operate to prevent the ,
<br /> '"� �`'' enforcement of the lien;or(c)secures from the holder of the lien an a�;reement satisfactory to Lender subordinating the lien .
<br /> � to this Security Inswment. If Lender determines that nny part of the Yroperry is subject to u licn which may attain priority ,
<br /> .'. 'n over this Security Instrument,Lender rnay give Borcower a notice identifyiug the lien. Burrower shall satisfy the lien or take
<br /> � v one or more of the actions set forth above within 10 days of the geving of notice.
<br /> • � 5. Huzard or Property(nsurance. Borrower shall kcep the improvements now existing or hereafter erectcd on the ,
<br /> � ' Property insured against loss by fire,hazards included�vithin the term"extended covemge"and any other haz;vds,includin�
<br /> � floods or flooding.for which Lender requircs insurance. This in,urance sh�tll be maintained in the amounts and for thc
<br /> �, Fortn 3028 9I40 (puge 2 of 6 paRexl
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